-
Citi Downgrades Globant; Stock Trades At High Premium To Peers
Monday, July 27, 2015 - 2:22pm | 247In a report issued Sunday, Citi analysts Ashwin Shirvaikar and Ryan Potter downgraded Globant SA (NYSE: GLOB) from Buy to Neutral and modestly raised their estimates. Combined with a higher multiple, this led them to boost their price target from $27.00 to $34.00. Valuation The analysts...